The Senate Committee on health, education, labor and pensions will come to order. Let me get to the point of this hearing. Today in our country, over 60 about where people are living paycheck to paycheck. And millions are working for starvation wages. Unbelievably, despite an explosion in technology and huge increases worker productivity, the average American Worker is making 50 a week less then he or she made 50 years ago after adjusting for inflation. Unless we change the nature of the way our economy works, it is all too likely that our Younger Generation will have a lower standard of living then their parents. What this means in reality is that workers throughout our country are struggling to pay for housing, struggling to pay for health care, and prescription drugs, struggling to put food on the table. Struggling to pay off their student debts and to deal with other basic sensitize of life basic necessities of life. And while that is the reality for the working class of this count
Soldiers drag him to safety. And we remember david he has died at the age of 67. I think i love you but we begin this morning with a look at todays eye opener, your world in 90 seconds. The navy says that there are 11 passengers and crew members onboard and that a search and rescue operation is currently under way. A u. S. Navy aircraft crashes off the coast of japan. Eight of the 11 passengers have been found. Three more women come forward with claims of Sexual Misconduct against charlie rose. You want to say anything to the people accusing you of all these wrongdoings . Its not wrongdoings. President trump broke his silence on Alabama Senate candidate roy moore. He says it didnt happen. You have to listen to him also. Uber admitting to covering up a massive hacking attack. It compromised 57 million riders and drivers. Fans are mourning the death of former teen idol David Cassidy. Cassidy is best known as Keith Partridge in the Partridge Family. New video showing a north korean soldie
The week. The financials helped lead the way and the market may have been even higher if not for health care stocks. Well have more on that in just a moment. But first heres a look at the record cloe. The Dow Jones Industrial ave gained 85 points to 22,956. The nasdaq added 18, s p 500 was up with the dow on the verge of 23,000, the next big test for stocks is earnings. Sema mody is at the new york stock exchange. Reporter investors rally for earnings. Earnings season is about to kick into high gear with 55 s p 500 Companies Reporting this week. Thats 11 of the index. Expectations are high. Wall street is estimating an average 4 jump in profits from companie financials, the likely stealing the spotlight with Goldman Sachs and Morgan Stanley reporting on tuesday with Interest Rates on the rise, banking analysts are predicting a pickup in lending activity. Other important names on the earnings calendar is ibm which reports on tuesday, and general elec on friday. Investors will pay close
Front of us. We have talked before about Monetary Policy and i havent been a fan as a banker before i was in congress of going beyond the feds initial Interest Rate policies i felt like qe 1, 2 and 3 didnt produce the gdp effects or job increases that perhaps fed policy makers at the time thought. I have also been concerned that as we go back and look backwards now since 2008 that fed officials really have always been a little reluctant to talk about some of the unintended consequences of that, such as distorting the price mechanism in our economy, depressing cap rates for commercial real estate or running up equity prices which i think are a result when you have that, we have flooded from qe 2 into our economy, affecting price earnings, multiples, et cetera today i havent heard any discussion, we talked about the Balance Sheet, we talked about setting Interest Rates but i want to talk a little bit about the money multiplier aspect in your toolbox we flooded the system with reserves bu
Fox5 news at ten starts now. Ow. Pat pat. At thank you for joining usouorj tonight. Im lauren demarco. Im jim lokay. Imokay were talking weather. Eaer expecting strong winds to comeoo our way overnight. High wind speeds mean thes mt potential for downed trees andne other damage. Amag wander to get right to gwen witg details. De hey there, gwen. Absolutely right. Ut those winds could definitelycoul cause majodr problems across our area. Ea going to increase in theg inc overnight hours. Ou. Right now, in d. C. Were at a 53 degrees officially. Ll plenty of clouds outside. And the winds are very light. Ht only we believes at 9 miles anea hour. But that is soon going change. Wind speeds sustained as you cat see already starting to pick upg in some of our neighborhoods. Ds manassas at 23 Miles Per Hour. R. And elsewhere 20 at comer land. Weve got nine at dc, 16 at annapolis and only eight at baltimore. But those wind gusts are goingog to be an issue. Ss. And right now winds have already pick